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Tuesday, May 10, 2011

German Chancellor Angela Merkel refused to commit to more aid for Greece

German Chancellor Angela Merkel refused to commit to more aid for Greece : German Chancellor Angela Merkel refused to commit to more aid for Greece, saying that it is still too early to decide whether the Greek government will need more financial help to overcome the debt crisis.

“First we need to hear what the status is. Only then can I decide what, if anything, needs to be done,” Merkel told reporters in Berlin today. “We don’t do Greece any favors by speculating” about more aid, Merkel said.

While it’s “clear” that Greece faces a difficult time in fulfilling the conditions of its 110 billion-euro European bailout, an assessment of the government’s progress in meeting its “bold reforms” conducted by the International Monetary Fund, the European Commission and European Central Bank is not due until next month, Merkel said.

“I’m the kind of person that draws conclusions when I’ve seen the results and analyzed them,” she said. “Nothing will keep me from doing that.” Before the reports are available, “I won’t talk about what needs to be done.” For the latest updates PRESS CTR + D or visit Stock Market news Today

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